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It's not even in the realms of a possibility.
Hit nav pretty much so always a risk of a raise for 2023 allocation from KAP, but nice to see it do well.
not sure if you are playing at, or are a tad ******ed mtsparky but you are using a mixture of flat out lies and half truth's.
"it doesn’t look like there is a plan b"
- you know that's not true, if the cornerstone fell through the plan b is to list the bonds in new york, so untrue.
"they need to pay off riverfort which they do not have the funds to do"
- from our accounts you can tell we do have the funds, tight though it would be, so untrue.
"…if you don’t need money from riverfort you don’t take it.why self destruct for no reason?"
- no reason? ... i'll let you answer this one yourself mt - you answer that question here:
"they only had enough cash for basic overheads not exploration et al costs."
- so that's why riverfort was taken - as security to allow navarre to progress in the coming weeks.
Trek, re: bonds being secured, it has been rns'd
"The Bonds will be secured on the Company's patented mining claims in so far as they relate to the Empire Open Pit Mine."
As regards coupon costs - it would be ideal if we can draw in stages and pay in relation to the amount drawn down which could alleviate some of that early cost concern, but that remains to be seen.
Hey DMS, I think you are incorrect, from previous discussions even if the bond failed there are OTHER non-dilutive finance options available to the company, possibly not as attractive/cost-effective as the copper bond, but not dilutive, hence it being chased and the board being overly patient while we await the ATS testing.
" The granting to Landore of a 3% net smelter royalty ("NSR") from minerals produced from Root Lake, to be effective at the Completion Date which will be evidenced by a customary royalty agreement. The Royalty Agreement shall include the right for Ardiden to purchase 50% of the Royalty (i.e. half of the 3%) from Landore for a payment of C$1,000,000.00. "
Also confirmed net asset value of £4.33 per share.